[Carry_Okie]

Hundreds of bitcoin supporters have tweeted attacks at me for arguing that bitcoin is not real money. But historically, money must be a reliable medium of exchange, and a reliable store of value. Bitcoin meets neither of these definitions.

He forgot "unit of account," which is also a requirement for money. Still, his citation of "central bank regulation" was a red flag for me as to where Mr. Kudlow stands.

[catnipman]

“Still, his citation of “central bank regulation” was a red flag for me as to where Mr. Kudlow stands. “

Kudlow is confused about what constitutes a “currency”. While a number of attributes are required for a medium of exchange to be considered a currency, “central bank regulation” is not one of them. e.g., see “wampum” (before it was devalued by counterfeiting).

In general, currency is a money that is freely circulated. In general, useful money must be durable, divisible, convenient (or portable), stable in value, limited in quantity, and universally accepted. Nowhere in those definitions is a “central bank” required.